Page 861 - Commodity News

Lead down by 0.5% on subdued demand

speculators reduced exposure on subdued spot demand amid a weak trend in the entire base metals overseas

Nickel weakens by 0.9% on sluggish demand

A weak global trend also affected prices

Copper falls by 1.2% on global cues

Subdued spot demand also affected copper prices

Oil prices mixed after upbeat China manufacturing data

Hopes of firmer demand was raised

Indian oilmeal exporters concerned about Iran

Iran has emerged as the largest buyer of Indian oilmeal, the commodity used largely as bird and animal feed

Palm oil prices could fall 13% by Jan 2014 as output surges: Mistry

Rising biofuel demand to be fed by increased production

India considers late trading in farm commodities: FMC

Late trading is currently allowed only in metals and energy products, where prices follow global markets

CCI seeks information from state govts as onion prices soar

Currently, onion prices are hovering in the range of Rs 65-80 per kg in the retail market

Production of gold nose pins up 30%

Demand has been rising on account of nose piercing gaining popularity among young generation

Gold demand to remain muted for a fortnight

In Mumbai domestic market, gold stood at Rs 30,000/10g, down 0.9%, while silver fell 2.5% to Rs 50,275 a kg

Soybean output to decline despite higher acreage this season

Excess rainfall in July-August damages crop, overall yield expected to be lower

Export of 2.5 MT expects to improve the domestic sugar market

Pawar asks coop sugar industry to become professional, competitive

Gold continues to slide on falling demand, global sell-off

Silver also tumbled on the back of heavy speculative unwinding coupled with lower industrial demand

Gold imports set to resume after procedural clarity

RBI had first issued norms mandating 20% of imported gold to be supplied to exporters

Onion prices fall on warning to hoarders

MEP increase, arrival of new season crop also support the move

Supply of poor quality iron ore hits steel producers in Karnataka

JSW Steel loses annual revenue of Rs 7,000 crore; Kalyani Steel takes complete shutdown of its plant in the last quarter

Bihar govt to resume sale of closed sugar mills

Only 4 of the 8 sugar mills of Bihar State Sugar Development Corporation would be on the block

India's steel output grows 0.9% in Aug; world's by 5.2%

India produced 6.6 MT steel in Aug this year compared to 6.5 MT a year earlier

Sesa Goa name changed to Sesa Sterlite effective Sep 18

Sesa Sterlite would reduce volatility of earnings, while giving Sesa Goa exposure to world class assets, growth across commodities

Imported onion arrival brings down wholesale prices by Rs10/kg

Prices of onions have fallen a day after the govt hiked MEP of the commodity to $900 per tonne